financiers

Doug Henwood dhenwood at panix.com
Mon Jan 29 09:10:30 PST 2001


New U.S. Treasury Secretary Paul O'Neill in a WSJ interview:

"I just don't understand what that conversation is about," he said, describing some financiers as "people who sit in front of a flickering green screen ... and they make decisions on a carefully constructed, but nevertheless speculative, basis about three-basis-point movements." Though confessing that "I don't know how to do that," he quickly asserted that "I probably could learn in about a couple weeks." Those traders, he said, "are not the sort of people you would want to help you think about complex questions."



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